Garland County Marijuana Cultivation Center Could Be $40 Million Boon

March 14, 2018CrainMedia

A sixth place runner-up for a medical marijuana cultivation center in Garland County hopes an economic impact study of benefits to the region may persuade state officials to add at least one more additional nursery to the mix. Other runners-up for the state’s first coveted cultivation licenses are making legal arguments for reconsideration.

New Day Cultivation of Garland County and River Valley Relief Cultivation of Sebastian County tied for sixth place, falling just out of the running of the initial top five cultivation centers the state Medical Marijuana Commission approved two weeks ago. The commission limited its final choices to five centers, but the law allows a maximum of eight.

On Tuesday (March 13), New Day representatives shared with community leaders an economic impact study conducted by well-known Boyette Strategic Advisors. The study suggests that between 2019 and 2021, the local economy in and around Hot Springs could benefit to the tune of $40.7 million. Beyond that, a cultivation center could boost the Garland County economy by $41.5 million in the year 2022. MORE